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Instructions Question B (of ) E Save & Exit Sut During the period, Sanchez Company sold some excess equipment at a loss. The following information
Instructions Question B (of ) E Save & Exit Sut During the period, Sanchez Company sold some excess equipment at a loss. The following information was collected from the company's accounting/records: 910 3,800 From the Income Statement Depreciation expense Loss on sale of equipment From the Balance Sheet Beginning equipment Ending equipment Beginning accumulated depreciation Ending accumulated depreciation 20,200 10,900 1,980 1,850 No new equipment was bought during the period. Required: 11For the equipment that was sold, determine its original cost, its accumulated depredationand the cash received from the sale. Use the Aquipment and accumulated depreciation T- accounts to inter the book value of the equipment sold.) || depreciation on sold e Cash ieceived from sale ko
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